Mates, look: Juliana Fireheart already asked Disney and GM Cayman Trench replied.
Quote:
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The decision to complete the quest (or not) won't change your individual outcome, however the number of Pirates that complete the quest WILL determine future events in the Caribbean. Good luck mates, either way you'll need it.
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So ye see? Your choosing to do or avoid the quest will have no effect on your outcome.
As for what happens based on how many complete the quest, I seriously doubt that too. I believe this quest is just a setup for the next story chapter.
Do ye want a new story chapter or not?